Arrowhead Trends .com
Everything you want to know about Arrowhead Real Estate
Bob & Patsy live here, selling since 1989
 Sales.declined.for.three.years.allowing.Inventory.to.grow.to.a.competitive.448.homes |
| 6 Months in Arrowhead Comparing 08 vs 07 |
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| 2008 | AW | LF | 8 Comm |
| Listed | 433 | 34 | 187 |
| Price Red | 277 | 16 | 143 |
| Sold | 115 | 6 | 45 |
| 2007 SOLD | 169 | 13 | 75 |
ATTN: BUYERS
LAKE ARROWHEAD
WHERE MEMORIES ARE MADE
.. 800/ 987-9320 gurubob@earthlink.net
Inventory is rising well beyond the sales in Arrowhead Woods, Lakefronts and the 8 Communities around Lake Arrowhead. Price reductions are coming fast and heavy. UNFORTUNATELY, the Consumer Confidence Index has hit a record low. If you took a thirty year chart of Arrowhead sales and matched it to 30 years of Consumer Confidence -- it is nearly a match. Our sales are driven by the affluent, purchasing a second home in the mountains. Buyers are collectively 'sitting on fence' waiting for... ?
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48 HOMES LISTED |
8 HOMES SOLD Arrowhead Woods and Lakefront sales: Full details on each sale. |
53 PRICE
REDUCTIONS Where the deals are; amount reduced, all the details; from start to now. |
ARROWHEAD TRENDS a newsletter of future-think. |
Primary and vacation homes comprises about one third of our individual wealth. In Southern California home prices have fallen about 30% from their peak. Pretty scary. Lake Arrowhead, as noted below, has home price reductions totaling less than seven percent from the peak in 2006, a testament to the unique stability of this resort home market. There are a lot of folks sitting on the fence wondering about the lowest Consumer Confidence Index in forty years. Lake Arrowhead is not now, nor ever been a powerhouse of growth, wealth building, nor a great speculative investment. Our homeowners have committed to an alternate lifestyle for their family, children and grandchildren, health, relationships -- and all within an hour or two of home. More than two thirds of Arrowhead Woods are vacation homes, fitting this profile. If I have described a personal goal, a needed lifestyle change, call us with your questions about prices, interest rates and how long it takes to have your own getaway from it all. 800/987-9320.
ARROWHEAD, the resort. Prices remain relatively stable, neither rising or falling much.
The reason is the buy / sell mantra of 'I don't have to buy...' 'I don't have to sell...' = sales drop sharply, prices moderate.
The MEDIAN PRICE FOR 5.5 MONTHS OF 2008 is $450,000; a decline of 4.4% from 2007 or 6.3% since 2006 when Arrowhead Woods median price peaked at $480,000. The chart below is a sharp contrast to the huge rise in Southern California home prices in the past five years, and now the sharp decline. Arrowhead Woods prices have never risen as high, not fallen as low as the peak and valley of Los Angeles and Orange County. Typically we are 25% below their peak and 25% above the plummets of Southern California home prices.
MODERATION IN ARROWHEAD...
If you keep your mountain home for 3 and more years, the value is likely to climb as it has for the past nineteen years along with the inexorable trend of the California's population growth, affluence and need for nearby vacation fun. It there is any challenge it may be homes purchased in 2006 and 2007. But look down the chart to the mid-1990s recession, when sale prices went down - modestly - compared to a 30+% decline in Southern California during the mid-1990s. We're here for the joy of an affluent lifestyle, where God has blessed owners with the income to have a second home, provide heartfelt care for our family and selves and more than anything, peace of mind. It is not flippant to realize that we are truly a mile closer to heaven, in an island of tranquility, in prices as well as lifestyle.
PAGE TWO: Additional news and past market comments
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